Corporations: A $143,200,000 Loss

General Dynamics Corp., the world's
biggest privately owned weapons maker, which produces everything from
nuclear subs to missiles, last week told its trouble (TIME, Jan. 5) in
statistics. Its annual report gave its 1961 loss as $143,200,000.

largest ever sustained by a U.S. corporation in a single year.

It stemmed largely from the company's ill-fated invasion of the
commercial jet transport market with its Convair 880 and 990a venture
that has involved G.D. in the biggest single product loss ($470
million) in U.S. corporate history.